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IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice

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IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice - YourStory

Quick Summary:

The Income Tax Department has disallowed Rs 85.6 crore in expenses claimed by PB Fintech’s subsidiary, Paisabazaar Marketing and Consulting Pvt.Ltd., for fiscal 2023-24.

In India, business losses can typically be carried forward for up to eight assessment years.

The Income Tax Department also issued a demand notice, seeking Rs 9.32 crore.


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IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice - YourStory (Picture 1)

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Article Details

Author / Journalist: Team YS

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 07:22:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 306 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 27533233

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About YourStory

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 12 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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The story "IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice" was covered 1 days ago by YourStory, a news publisher based in India.

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  • URL: https://beamstart.com/news/it-dept-rejects-pb-fintech-17435786626991

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